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Enpro Inc. (NYSE:NPO) Shares Sold by US Bancorp DE

Enpro logo with Business Services background

Key Points

  • US Bancorp DE has reduced its ownership in Enpro Inc. by 19.0%, selling 1,874 shares in the first quarter, leaving it with 8,008 shares valued at approximately $1.3 million.
  • Enpro's earnings report showed a miss with an EPS of $2.03 against the expected $2.08, despite a 6.0% year-over-year revenue increase to $288.1 million.
  • The company announced a quarterly dividend of $0.31, with a payout ratio of 31.00%, providing an annualized yield of 0.6%.
  • Need Better Tools to Track Enpro? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

US Bancorp DE decreased its holdings in Enpro Inc. (NYSE:NPO - Free Report) by 19.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,008 shares of the industrial products company's stock after selling 1,874 shares during the quarter. US Bancorp DE's holdings in Enpro were worth $1,296,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its position in shares of Enpro by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 104,564 shares of the industrial products company's stock worth $16,917,000 after purchasing an additional 2,691 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Enpro by 94.5% in the 1st quarter. GAMMA Investing LLC now owns 498 shares of the industrial products company's stock worth $81,000 after purchasing an additional 242 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in Enpro in the 1st quarter worth $1,720,000. Teacher Retirement System of Texas purchased a new position in Enpro in the 1st quarter worth $495,000. Finally, GSA Capital Partners LLP purchased a new position in Enpro in the 1st quarter worth $1,269,000. Institutional investors and hedge funds own 98.31% of the company's stock.

Wall Street Analyst Weigh In

NPO has been the subject of a number of research analyst reports. KeyCorp raised their target price on Enpro from $220.00 to $240.00 and gave the stock an "overweight" rating in a research note on Wednesday. Wall Street Zen upgraded Enpro from a "hold" rating to a "buy" rating in a research note on Sunday, August 3rd. Sidoti upgraded Enpro to a "strong-buy" rating in a research note on Wednesday, April 23rd. Finally, Oppenheimer raised their target price on Enpro from $215.00 to $240.00 and gave the stock an "outperform" rating in a research note on Wednesday.

Check Out Our Latest Report on NPO

Enpro Stock Performance

Shares of NPO stock traded down $1.49 on Friday, hitting $214.01. The company had a trading volume of 101,191 shares, compared to its average volume of 129,039. The firm has a market cap of $4.50 billion, a P/E ratio of 53.50, a price-to-earnings-growth ratio of 2.14 and a beta of 1.62. The company has a 50-day moving average price of $199.59 and a 200-day moving average price of $181.80. The company has a quick ratio of 1.65, a current ratio of 2.49 and a debt-to-equity ratio of 0.31. Enpro Inc. has a twelve month low of $133.50 and a twelve month high of $229.54.

Enpro (NYSE:NPO - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $2.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.05). The company had revenue of $288.10 million during the quarter, compared to analyst estimates of $283.83 million. Enpro had a net margin of 7.83% and a return on equity of 10.49%. The business's quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the firm earned $2.08 EPS. As a group, equities research analysts predict that Enpro Inc. will post 7.38 earnings per share for the current fiscal year.

Enpro Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Wednesday, September 3rd. Enpro's payout ratio is 31.00%.

Enpro Company Profile

(Free Report)

Enpro Inc design, develops, manufactures, and markets proprietary, value-added products and solutions to safeguard critical environments in the United States, Europe, and internationally. It operates through two segments, Sealing Technologies and Advanced Surface Technologies. The Sealing Technologies segment offers single-use hygienic seals, tubing, components and assemblies; metallic, non-metallic, and composite material gaskets; dynamic seals; compression packing; hydraulic components; expansion joints; and wall penetration products for chemical and petrochemical processing, pulp and paper processing, nuclear energy, hydrogen, natural gas, food and biopharmaceutical processing, primary metal manufacturing, mining, water and waste treatment, commercial vehicle, aerospace, medical, filtration, and semiconductor fabrication industries.

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Institutional Ownership by Quarter for Enpro (NYSE:NPO)

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